The Rise of Project Portfolio Management Market: A $13.7 billion Industry Dominated by Oracle, Smartsheet, Microsoft | MarketsandMarkets™
Delray Beach, FL, Nov. 07, 2024 (GLOBE NEWSWIRE) -- The Project Portfolio Management Market is expected to grow from USD 7.8 billion by 2024 to USD 13.7 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 11.9% during the forecast period, according to a new report by MarketsandMarkets™.
Browse in-depth TOC on "Project Portfolio Management Market"
348 - Tables 63 - Figures 340 - Pages
Download Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=225932595
Project Portfolio Management Market Dynamics:
Drivers
Surging demand for advanced PPM tools due to growing project complexities
Need for enhanced return on investment (ROI)
Increasing demand for holistic view of resource management and project operations
Restraints
High implementation costs
Resistance to change within organizations
Data security and privacy concerns
Opportunities
Adoption of cloud-based solutions
Rising demand for digital transformation
Adoption of AI-driven tools
List of Top Project Portfolio Management Companies
Oracle (US)
Smartsheet (US)
Microsoft (US)
Asana (US)
ServiceNow (US)
Planview (US)
SAP (Germany)
Atlassian (Australia)
Wrike (US)
Monday.com (Israel)
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=225932595
The expansion of the project portfolio management (PPM) industry will be fueled by the rising demand for projects to align strategically, AI and automation developments, the surge in remote work and digital collaboration tools, and the increasing use of PPM solutions in various sectors like IT, construction, finance, and healthcare to enhance resource distribution and guarantee project success.As per offering, the solutions segment holds the largest share during the forecast period.
PPM solutions are software tools that help organizations efficiently manage projects and portfolios. Such solutions provide the functionality for project planning, resource ...